Mississippi Administrative Code
Title 6 - Economic Development
Part 1 - Financial Resources
Chapter 2 - Advantage Jobs Incentive Program
Rule 6-1-2.4 - Qualifications
Current through September 24, 2024
The average annual wage is the total employee earnings subject to Mississippi personal income taxes, including bonuses and overtime. All jobs at the approved facility must be included in the calculation of the company's average wage when determining whether the wages paid meet the required state or county thresholds. All jobs are also included in the calculation to determine whether program requirements are being met. The new jobs may be created due to a new business enterprise or an expansion of an existing business, as long as the company meets the minimum criteria set forth by the MDA. To qualify, the jobs must not have existed in this state before the date of approval by the MDA of the Advantage Jobs application. Additionally, any business entity that qualifies for the Advantage Jobs Incentive Program must also:
A. Provide, or plan to provide to any new employees, a basic health benefit plan. Such plan must be in effect within 180 days of receiving any incentives.
B. Meet jobs creation and wage requirements within twenty-four (24) months of the issuance of an Advantage Jobs Incentive Certificate ("Certificate").
C. Provide the Mississippi Development Authority with a performance agreement that outlines how the rebate will be used.
Miss. Code Ann. § 57-62-9 (Rev. 2008)
